BITCOIN → Consolidation. Shake-out before growth to 110K

15 Feb

BTCUSD is consolidating both locally and globally. The market lacks drivers, but at the same time, big players continue to keep the coin from falling further

Bitcoin is in consolidation or in a localized correction due to Trump putting cryptocurrencies on the back burner. No supportive executive orders have been issued, except that there is a little noise around the federal reserve, but only from the states and that is in question what assets will fill this fund, confiscated or still politicians will start buying BTC. As for the global economy regarding bitcoin, a lull has been forming lately. Except for SOL and DOGE, for which the SEC has already started accepting applications to launch ETFs.
Technically, I'm keeping an eye on local consolidation: 94800 - 98400. A breakout of resistance could give hope to the market and in that case bitcoin could strengthen to 102 - 107K

Resistance levels: 98.4, 100.2, 102.7
Support levels: 94.8, 91.3

But, based on the general technical situation, there is a huge pool of liquidity in the 91-90K zone and before further growth the price may test this zone and form a false breakdown before the market returns to active buying.

Regards R. Linda!

18 Feb

Dagangan aktif

Bitcoin breaks 94900. Waiting for a retest of 91-90K